The Russian government approved the main characteristics of the federal budget for the 2010-2012 years, which involve the gradual reduction of the deficit.
The budget deficit in 2010 is set at 3.19 trillion rubles, or 7.5% of GDP. In 2011, expenditure will exceed income by 2.01 trillion rubles, or 4.3% of GDP in 2012 - at 1.56 trillion rubles (3% of GDP).
To cover shortfalls in the Ministry of Finance plans to use every opportunity - the Reserve Fund, the National Welfare Fund, the internal and external borrowing.
The Russian authorities will take the remainder of the Reserve Fund in 2010 - 1.674 trillion rubles, and print the National Prosperity Fund, which by the end of 2012 will be 940 billion rubles, of which 655 billion rubles will be placed on deposit Vnesheconombank under the Subordinated loans to banks and AHML.
The situation in the economy is very uncertain. But we have this uncertainty must be borne in mind and at the same time, it is clear to understand for ourselves what the next several years will need to be tough and very responsible fiscal policy. That is - to decrease deficit limit the growth of budget expenditures, increase the impact of each nested state folk ruble. It - a pledge of macroeconomic stability and a successful post-crisis recovery of domestic economy - said Prime Minister Vladimir Putin.
In the next year, the Government also intends to resume borrowing on the international market - the last time Russia issued Eurobonds in 1998.
placement abroad in the 2010-2012 year will be $ 17.8 billion, $ 20.7 billion and $ 20.0 billion, respectively, and, according to Finance Ministry officials, will take place in several tranches.
Given the maturity and the net external debt service will attract in the next three years, $ 12.6 billion, $ 15.1 billion and $ 15.8 billion. Thus, the external debt of Russia in blizhashie three years will grow to more than double - on July 1, the public external debt of the Russian Federation, according to the Ministry of Finance, was $ 39.14 billion.
The budget deficit in 2010, Russia will be 3.19 trillion rubles
The Russian government approved the main characteristics of the federal budget for the 2010-2012 years, which involve the gradual reduction of the deficit.
The budget deficit in 2010 is set at 3.19 trillion rubles, or 7.5% of GDP. In 2011, expenditure will exceed income by 2.01 trillion rubles, or 4.3% of GDP in 2012 - at 1.56 trillion rubles (3% of GDP).
To cover shortfalls in the Ministry of Finance plans to use every opportunity - the Reserve Fund, the National Welfare Fund, the internal and external borrowing.
The Russian authorities will take the remainder of the Reserve Fund in 2010 - 1.674 trillion rubles, and print the National Prosperity Fund, which by the end of 2012 will be 940 billion rubles, of which 655 billion rubles will be placed on deposit Vnesheconombank under the Subordinated loans to banks and AHML.
The situation in the economy is very uncertain. But we have this uncertainty must be borne in mind and at the same time, it is clear to understand for ourselves what the next several years will need to be tough and very responsible fiscal policy. That is - to decrease deficit limit the growth of budget expenditures, increase the impact of each nested state folk ruble. It - a pledge of macroeconomic stability and a successful post-crisis recovery of domestic economy - said Prime Minister Vladimir Putin.
In the next year, the Government also intends to resume borrowing on the international market - the last time Russia issued Eurobonds in 1998.
placement abroad in the 2010-2012 year will be $ 17.8 billion, $ 20.7 billion and $ 20.0 billion, respectively, and, according to Finance Ministry officials, will take place in several tranches.
Given the maturity and the net external debt service will attract in the next three years, $ 12.6 billion, $ 15.1 billion and $ 15.8 billion. Thus, the external debt of Russia in blizhashie three years will grow to more than double - on July 1, the public external debt of the Russian Federation, according to the Ministry of Finance, was $ 39.14 billion.
The total debt of the Russian Federation (internal and external) will grow in 2012 to 16.4 per cent of GDP from 6.5 percent of GDP in 2008
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